A petition was filed by seven Financial Creditors, including Ravi Enterprises, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Highpowerv Import & Exports Private Limited. The Financial Creditors claimed a financial debt of Rs. 2,36,36,554/- (inclusive of interest) arising from an aggregate loan of Rs. 2,55,00,000/- for which promissory notes were executed.
A petition, CP(IB)/303(CHE)/2025, was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, by Financial Creditors.
The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Highpowerv Import & Exports Private Limited.
The Financial Creditors include Ravi Enterprises, ASR Enterprises, Kesar Investment, Kayur Ramesh Khanter (Proprietor of Luxuria Finvest), Kantilal T Hirani (Proprietor of Bhavana Corp.), Alka Singhi (Proprietor of Standard Electric Company), and Laxmi Jewels & Gold Private Limited.
Highpowerv Import & Exports Private Limited was incorporated on 23.12.2010 with an authorized share capital of Rs. 5,00,000/- and paid-up capital of Rs. 1,00,000/-.
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Highpowerv Import &…
Promissory notes were executed by the…
A petition was filed by seven Financial Creditors, including Ravi Enterprises, under Section 7 of the Insolvency and Bankruptcy Code, 2016, to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Highpowerv Import & Exports Private Limited. The Financial Creditors claimed a financial debt of Rs. 2,36,36,554/- (inclusive of interest) arising from an aggregate loan of Rs. 2,55,00,000/- for which promissory notes were executed.
A petition, CP(IB)/303(CHE)/2025, was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016, by Financial Creditors.
The petition sought to initiate Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor, Highpowerv Import & Exports Private Limited.
The Financial Creditors include Ravi Enterprises, ASR Enterprises, Kesar Investment, Kayur Ramesh Khanter (Proprietor of Luxuria Finvest), Kantilal T Hirani (Proprietor of Bhavana Corp.), Alka Singhi (Proprietor of Standard Electric Company), and Laxmi Jewels & Gold Private Limited.
Highpowerv Import & Exports Private Limited was incorporated on 23.12.2010 with an authorized share capital of Rs. 5,00,000/- and paid-up capital of Rs. 1,00,000/-.
…Highpowerv Import &…
Promissory notes were executed by the…